杭州汽轮动力集团股份有限公司关于公司股票终止上市并摘牌的公告

Core Viewpoint - The stock of Hangzhou Steam Turbine Power Group Co., Ltd. (杭汽轮) will be delisted from the Shenzhen Stock Exchange on December 22, 2025, following a share swap merger with Hangzhou Hailianxun Technology Co., Ltd. (海联讯) [2][3] Group 1: Delisting and Merger Details - The decision for the stock termination was made on December 18, 2025, and the stock will officially be delisted on December 22, 2025 [3] - The share swap will occur at a 1:1 ratio, where shareholders of Hangzhou Steam Turbine will receive shares of Hangzhou Hailianxun [3] - The stock registration date for the share swap is set for December 19, 2025 [3] Group 2: Asset and Liability Transfer - All assets, rights, and obligations of Hangzhou Steam Turbine will be transferred to Hangzhou Hailianxun upon the merger [5] - Hangzhou Hailianxun will inherit all outstanding debts of Hangzhou Steam Turbine after the merger [6] - All contracts and agreements of Hangzhou Steam Turbine will be assumed by Hangzhou Hailianxun post-merger [7] Group 3: Employee and Management Arrangements - All employees of Hangzhou Steam Turbine will have their labor contracts continued by Hangzhou Hailianxun after the merger [10] - If any directors or senior management from Hangzhou Steam Turbine continue with Hangzhou Hailianxun, their shareholding reduction will follow relevant regulations [11]